Insurance Term of the Day: Motor Vehicle Report (MVR)
Some people who speed while they drive blame it on their heavy foot. Your insurance company isn’t going to take that excuse, though. Careless driving may not seem like a big deal. . . until you see flashing red and blue lights in your rearview mirror.
When you get a ticket, it’s not over when you pay it off. The repercussions of a traffic violation can haunt you for years following.
Your driving record matters.
Motor vehicle reports (MVRs) include personal information such as:
- Drivers license and any restrictions you may have
- Traffic violations
- Driving history
- History of suspensions and revocations
- General personal information (birthdate, eye and hair color, weight)
Depending on your state, your MVR will show all violations for a specific number of years. This means, if you have a speeding ticket from three years ago, it’s still going to affect you today. For example, in Colorado, your MVR shows complete driving history for the past 7 years.
When purchasing auto insurance, the company you are working with will always pull your MVR. The information on the report helps determine your car insurance rate. In other words, the more traffic violations you have, the more money you are going to pay for your premium. MVRs help insurance companies determine the risk of insuring you. A clean driving history saves you money.
MVRs matter for more reasons than your auto insurance cost. Employers may use your report to determine how responsible you are, MVRs will also show up on background checks and during court proceedings.
To check your driving record, try your local Department of Motor Vehicles (DMV). There are also third party vendors online that can help you. Check the accuracy; if anything is incorrect, contact the DMV to fix any errors as soon as possible.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Insurance Blogs
Declutter Your Life: Beyond the Physical to a More Streamlined Existence
Tired of clutter? Discover actionable tips to declutter not just your belongings, but also your finances and digital life for a more streamlined and stress-free life.
Your Life Insurance Journey: Start Small, Dream Big, Build Security
Don’t wait for the perfect policy. Discover how starting small with life insurance is the key to building long-term financial security for your family.
Small Steps, Big Impact: Achieving a Healthier Lifestyle Without Radical Overhaul
Forget extreme diets and intense workouts. Learn how simple, everyday choices can add up to a healthier lifestyle.
Weaving Family History: The Power and Importance of a Family Timeline
More than just dates: Crafting a family timeline to connect generations and preserve memories.
Family Fitness Adventures for Lasting Memories
Ditch the couch: Active family fun for a healthier, happier life.
Beyond Upfront Payments: Pre-Planning Your Final Arrangements with Peace of Mind
Pre-planning your farewell: Affordable options and peace of mind.
Life Insurance: Investment or Protection? Decoding Cash Value Policies
Is life insurance an investment? Understanding cash value policies.
From Picky Eaters to Healthy Habits: Nurturing Lifelong Wellness in Children
Beyond the clean plate: Fostering healthy eating habits that last a lifetime.
Embracing the New Era of Celebrations of Life
Discover the growing trend of celebrations of life and how they are transforming the way we say goodbye to our loved ones. Learn about the unique aspects of these celebrations and the role of life insurance in ensuring financial peace of mind.
Rediscovering the Joy of Cycling: 7 Reasons to Hop on Two Wheels
Get pedaling! 7 reasons to rediscover the joy of cycling.